Global Electric Submeter Market Insights, Forecast to 2025

Electric Submeter is usually an electronic device that records consumption of electric, water, gas, heat energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. It enables two-way communication between the meter and the central system. Unlike home energy monitors, it can gather data for remote reporting.
Global giant manufactures mainly distributed in U.S. and E.U. The leading global players include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Honeywell (Elster Group and E-Mon), Sensus (United States) and Holley Metering (China).
The key consumption markets locate at APAC, which take a market share of about one half. North America takes the market share of 18.13%, followed by Europe with 17.66%. Asia Pacifics consumption market has a fast growing speed.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a relatively strong curve due to the replacement of utility meters.
The Electric Submeter market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Electric Submeter.

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Submeter market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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